Leases and Right of Use Assets (Tables)

6 Months Ended

Jun. 30, 2019

The components of lease expense for the three and six months ended June 30, 2019 are as follows:



	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
	(in thousands)
Operating lease costs	$	2,356	$	4,515
Finance lease costs:
Amortization of assets	2,959		5,650
Interest on lease liabilities	603		1,149
Total finance lease costs	3,562		6,799
Variable and short-term lease costs	212		773
Total lease costs	$	6,130	$	12,087

Supplemental information and balance sheet location related to leases is as follows:




Operating leases:	June 30, 2019
	(in thousands)
Operating lease right-of-use assets	$	13,574

Current operating lease obligations	7,578
Long-term operating lease obligations	6,037
Total operating lease liabilities	$	13,615

Finance leases:
Property, plant and equipment, at cost	102,074
Accumulated amortization	(21,913)
Property, plant and equipment, net	$	80,161

Current finance lease obligations	21,665
Long-term finance lease obligations	59,012
	$	80,677

Weighted average remaining lease term:	(in months)
Operating leases	42 months
Finance leases	45 months

Weighted average discount rate:
Operating leases	3.87		%
Finance leases	3.41		%

Supplemental cash flow information related to leases is as follows:




Cash paid for amounts included in measurement of liabilities:	June 30, 2019
	(in thousands)
Operating cash flows from operating leases	$	3,885
Operating cash flows from finance leases	603
Financing cash flows from finance leases	6,202

ROU assets obtained in exchange for lease liabilities:
Operating leases	931
Finance leases	16,303

Maturities of lease liabilities as of June 30, 2019 are as follows:

Maturities of lease liabilities as of June 30, 2019 are as follows: